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Natural Gas Came Into Today Up 0.71%

NG1

The Hourly View for Natural Gas

  • At the moment, NG1’s price is up $0 (0.05%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Natural Gas’s hourly price chart is shown below.

NG1

The Daily View for Natural Gas

  • Currently, NG1’s price is up $0.03 (0.71%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • Divergence between NG1’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in NG1’s price.

Below is a daily price chart of Natural Gas.

NG1

Featured Natural Gas Idea From TradingView

Below is a trading comment entitled CHEVRON CVX:DETAILED FUNDAMENTAL ANALYSIS+NEXT TARGET LONG 🔔 you may find interesting:

Oil prices are rising sharply as demand recovers from the economic downturn caused by the coronavirus. Chevron stock is up about 25 percent in 2021 as the company undoubtedly benefits from a global economic recovery and a rebound in tourism. The company recently reported a net income of $3.1 billion and free cash flow of more than $5 billion in the second quarter, nearly completely because of a recovery in demand for the fuel that moves people and goods around the world and generates the electricity on which the modern world depends.The reality today is that oil and natural gas meet most of that demand. But that reality is evolving, and Chevron is not standing still as the energy world changes around the company. Management reported on July 30, but the previous day it announced in a press release what may prove to be even more important to investors in the coming years than the $3 billion in oil and gas profits for the quarter. On July 29, Chevron issued a press release titled “Chevron Announces Management Change.” Companies issue such announcements fairly regularly, and if you don’t put a lot of intellectual effort into it, this announcement might not seem like such a big deal. Still, there is an opinion that it deserves more scrutiny. So what exactly did the company do? In a nutshell, it announced a new business that would focus on low-carbon energy projects. The company appointed Jeff Gustavson, a veteran who has been with the company for 21 years and most recently served as vice president of exploration and production in North America, as president of this new venture, called Chevron New E…

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